39027-012: ASEAN+3 Regional Multicurrency Bond
Project Data Sheet (PDS): Overview
In the absence of a well-developed, efficient source of long-term local currency funding, the currency and maturity mismatch between funding and revenues that exacerbated the Asian Financial Crisis remains a major financial vulnerability in the region. The ASEAN+3 Asian Bond Markets Initiative (ABMI) has established six voluntary working groups to take concrete steps to develop the bond markets. The development of markets would aim to better utilize the savings of Asia for direct investment ... Read More
|Type or Modality of Assistance||
|Financing||Public sector (Sovereign)|
TA No. 6244
|Approval Date||03 Jun 2005|
|ADB Financing ($ thousand)||400|
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